UN: Gaza's Economic Collapse Is Worst Ever Recorded
UNCTAD said the territory lost 92% of economic establishments and needs $71.5 billion to rebuild as unemployment topped 90%.
- On Thursday, the United Nations Conference on Trade and Development released a report estimating Gaza's reconstruction at $71.5bn, with Acting Secretary-General Pedro Manuel Moreno warning the territory faces the "most severe economic crisis on record."
- Israel's military offensive since October 2023 has devastated the territory, damaging or destroying 92 percent of economic establishments and displacing nearly 1.9 million people before a ceasefire took effect in October 2025.
- Infrastructure damage totals $35.2bn, with economic and social losses reaching $22.7bn; Gaza's daily GDP per capita dropped to $0.58, leaving more than 90 percent of the working-age population unemployed.
- The report warned of a potential "banking collapse" in the Palestinian territories, with $4.8bn in public debt and banking-sector exposure at $5.3bn, or 42 percent of all bank lending.
- Rebuilding requires "large-scale international financial and technical assistance," UNCTAD coordinator Mutasim Elagraa said, with immediate priorities including transferring withheld Palestinian revenues and stabilizing the financial system.
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35 Articles
The Palestinian territory of the Gaza Strip is currently experiencing the "most serious economic crisis" observed in the world, warned the United Nations Conference on Trade and Development (UNCTAD) on Thursday.
The Palestinian territory of the Gaza Strip currently crosses the "most serious economic crisis" of the world, alerted, on Thursday, the United Nations Conference on Trade and Development (UNCTAD). Context: At the UN, Netanyahu minimizes violence by Israeli settlers, exalts Trump and derails protests in the assembly Want to read more news from the world? Follow the channel on WhatsApp Want to live away? See interactive guide that gathers informa…
The United Nations Conference on Trade and Development (UNCTAD) emphasized that the economy of the Gaza Strip is facing the "most documented economic crisis in the world," noting that 92 per cent of economic enterprises capable of generating employment and income in the sector have been damaged or destroyed, and that more than 90 per cent of the working-age population is not working.
Can we still talk about the Palestinian economy? After 60 years of Israeli occupation, activity is more severe than ever in the Territories. The war in Gaza has "brought to nothing decades of development", the UN warns on Thursday, September 24th. It estimates that it would take more than $71 billion to rebuild the enclave. This is simply the most serious economic crisis in history.
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